Ripple (XRP) Price Near $0.54; in a Downtrend Over Past 90 Days

The Hourly View for XRP

Last Updated July 20, 2021, 02:051 GMT

Currently, XRP’s price is down $0 (-0.8%) from the hour prior. XRP has seen its price go down 12 out of the past 14 hours, thus creating some compelling opportunities for bears. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Ripple Daily Price Recap

The choppiness in the recent daily price action of Ripple continues; to start today, it came in at a price of 0.5574 US dollars, down 5.16% ($0.0303) since the day prior. The price move occurred on volume that was up 64.16% from the day prior, but down 5.61% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Ripple ranked 4th since the day prior in terms of percentage price change. Here is a daily price chart of Ripple.

Ripple Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. Or to view things another way, note that out of the past 30 days Ripple’s price has gone down 16 them.

Overheard on Twitter

Behold! Here are the top tweets related to Ripple:

  • From JohnEDeaton1:

    @RuleXRP @attorneyjeremy1 @FilanLaw This will show up in the Summary Judgment filed by @bgarlinghouse and @chrislarsensf. It’s going to be difficult for the SEC to prove Brad and Chris were Reckless in not knowing #XRP was a security in 2013 when 2 Commissioners are admitting that in 2021 there’s still no clarity.

  • From CryptoBull2020:

    In my opinion the SEC has now “lost control” in the case against #Ripple. I really can’t see how they will allow the deposition by one of their former officials. Too much ego and too much to lose. It wouldn’t surprise me if we get settlement news this month! #XRP

  • From attorneyjeremy1:

    @AnthonyDatu1 I think there is an ARGUMENT that XRP sold by Ripple in 2015-2017 was sold as a security under U.S. law. This will be an argument made by expert witnesses as to decentralization, utility, etc.. But, I just don’t see even an argument to be made from 2018 – present.

As for a news story related to Ripple getting some buzz:

A Ripple Reckoning at the SEC – Decrypt

Ripple, meanwhile, wants to know why Hinman cleared Ethereum while his former agency has decided to sue Ripple for selling XRP….The judge’s decision to let Ripple depose Hinman is unlikely to be the deciding factor of the case.